Middle East: Potassium Chloride (Mop) Market 2024

Potassium Chloride (Mop) Market Size in the Middle East

After two years of growth, the Middle Eastern potassium chloride (MOP) market decreased by X% to $X in 2023. The total consumption indicated a mild increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2022, and then shrank markedly in the following year.

Potassium Chloride (Mop) Production in the Middle East

In value terms, potassium chloride (MOP) production amounted to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Potassium Chloride (Mop) Exports

Exports in the Middle East

After two years of decline, shipments abroad of potassium chloride (MOP) increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, potassium chloride (MOP) exports reduced to $X in 2023. Overall, exports saw perceptible growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then dropped in the following year.

Exports by Country

Jordan prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to potassium chloride (MOP) exports from Jordan stood at X%. At the same time, Turkey (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. While the share of Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest potassium chloride (MOP) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Jordan amounted to X%.

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted notably in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%).

Potassium Chloride (Mop) Imports

Imports in the Middle East

In 2023, purchases abroad of potassium chloride (MOP) decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, potassium chloride (MOP) imports rose markedly to $X in 2023. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the main importer of potassium chloride (MOP) in the Middle East, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Saudi Arabia (X tons), committing an X% share of total imports. The following importers - Oman (X tons) and Iran (X tons) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) and Iran (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Oman (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported potassium chloride (MOP) in the Middle East, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Turkey, potassium chloride (MOP) imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Turkey ($X per ton) and Iran ($X per ton), while Saudi Arabia ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform